Executive board member Frank Schaich has resigned from his position on the executive board of DEMIRE Deutsche Mittelstand Real Estate AG, with effect at the close of October 31, 2016. He leaves his executive board position on amicable terms with the supervisory board. He will continue to remain on the executive board of Fair Value REIT-AG, Graefelfing/Munich but will end his mandate and leave the DEMIRE Group at the close of March 31, 2017 to pursue new challenges.